Research & News
Daily Comment (June 27, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with an update on Russian political stability following the weekend rebellion by Wagner Group mercenaries. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including fresh… Read More »
Bi-Weekly Geopolitical Report – Distinguishing My Wife From a Hat, an AI Story (June 26, 2023)
Thomas Wash | PDF In his book, The Man Who Mistook His Wife for a Hat and Other Clinical Tales, Oliver Sacks, a neurologist, details his experience with patients suffering from varying neurological disorders. In one such case, he dealt with a man who had lost the ability to recognize faces. The patient was a… Read More »
Daily Comment (June 26, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens, understandably, with our observations on the rebellion in Russia over the weekend. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including a sharp drop in… Read More »
Daily Comment (June 23, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment begins with a discussion about the growing hawkishness of central banks in advanced economies. Next, we give our thoughts on the disappointing economic data coming out of Europe. Finally, we’ll explain how the rivalry between the U.S. and… Read More »
Weekly Energy Update (June 22, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices may be establishing a new trading range between $67 and $75 per barrel. (Source: Barchart.com) Commercial crude oil inventories fell 3.8 mb when compared to the forecast build of 0.5 mb. The SPR fell 1.7 mb, putting the total draw at 5.6… Read More »
Daily Comment (June 22, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Signals of higher rates from central banks are leading to a general risk off day. Interest rates are higher, while equities are generally lower as are commodities. In today’s Comment, we lead off with the central bank news. Next up… Read More »
Daily Comment (June 21, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment begins with our thoughts on investor concerns regarding Federal Reserve Chair Jerome Powell’s testimony to Congress later today. Next, we discuss how China may jump start its economy without relying solely on policy stimulus. Lastly, we explain why… Read More »
Daily Comment (June 20, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with many China-related reports, including a recap of U.S. Secretary of State Blinken’s weekend meetings in Beijing with top Chinese officials and a new report that Beijing and Havana are negotiating to establish a joint military training base… Read More »